Janus Henderson Group PLC Has $700,000 Stake in NuScale Power Co. (NYSE:SMR)

Janus Henderson Group PLC raised its holdings in NuScale Power Co. (NYSE:SMR - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,100 shares of the company's stock after acquiring an additional 8,400 shares during the period. Janus Henderson Group PLC's holdings in NuScale Power were worth $700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SMR. CoreCap Advisors LLC bought a new position in shares of NuScale Power during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC boosted its stake in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp increased its holdings in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of NuScale Power in the 4th quarter valued at about $42,000. Finally, Amalgamated Bank raised its stake in shares of NuScale Power by 51.8% in the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after purchasing an additional 986 shares during the period. 78.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NuScale Power

In other news, insider Clayton Scott sold 10,019 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $16.78, for a total value of $168,118.82. Following the completion of the sale, the insider now directly owns 86,965 shares of the company's stock, valued at $1,459,272.70. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John Lawrence Hopkins sold 26,345 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. Insiders sold a total of 184,392 shares of company stock worth $3,138,221 over the last quarter. 1.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SMR has been the subject of several recent research reports. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. UBS Group upped their price target on NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. CLSA set a $41.00 price objective on shares of NuScale Power and gave the company an "outperform" rating in a report on Tuesday. Finally, Canaccord Genuity Group set a $35.00 target price on shares of NuScale Power and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NuScale Power presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

NuScale Power Stock Down 6.5%

SMR stock traded down $2.32 during mid-day trading on Thursday, reaching $33.05. The company had a trading volume of 20,717,816 shares, compared to its average volume of 9,040,995. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of -34.79 and a beta of 1.62. NuScale Power Co. has a 52 week low of $6.61 and a 52 week high of $36.85. The stock has a 50 day simple moving average of $18.73 and a two-hundred day simple moving average of $20.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.06. The business had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. As a group, equities analysts predict that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.